NetEase, Inc. (NASDAQ:NTES) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NetEase, Inc. (NASDAQ:NTES) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $108.71.

NTES has been the subject of a number of analyst reports. Citigroup increased their price objective on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Benchmark dropped their price target on NetEase from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Morgan Stanley raised NetEase from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $90.00 to $108.00 in a research note on Wednesday, January 8th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America raised their price target on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

Institutional Trading of NetEase

A number of large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NetEase by 13,747.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,258,442 shares of the technology company’s stock valued at $585,227,000 after acquiring an additional 6,213,248 shares during the last quarter. Hhlr Advisors LTD. lifted its stake in shares of NetEase by 86.8% during the 3rd quarter. Hhlr Advisors LTD. now owns 2,588,943 shares of the technology company’s stock worth $242,092,000 after purchasing an additional 1,203,129 shares during the last quarter. Fisher Asset Management LLC increased its position in NetEase by 7.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,145,657 shares of the technology company’s stock valued at $107,130,000 after buying an additional 82,474 shares in the last quarter. Wellington Management Group LLP increased its position in NetEase by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,020,213 shares of the technology company’s stock valued at $95,400,000 after buying an additional 10,920 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in NetEase by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 666,411 shares of the technology company’s stock valued at $62,316,000 after buying an additional 72,988 shares in the last quarter. Institutional investors own 11.07% of the company’s stock.

NetEase Stock Performance

NASDAQ:NTES opened at $101.27 on Thursday. The firm has a market cap of $65.03 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The business has a 50 day moving average price of $94.65 and a 200-day moving average price of $88.61.

NetEase Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Friday, November 29th. NetEase’s payout ratio is 29.22%.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.